Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 10, 2008
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FEDERAL RESERVE Statistical Release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
January 10, 2008
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jan 9, 2008
Week ended
Jan 9, 2008
Change from week ended
Jan 2, 2008 Jan 10, 2007
                                                              
Reserve Bank Credit                                         869,212     -  22,531     +  24,583       866,171 
 Securities held outright                                   728,182     -  12,429     -  50,720       728,203 
    U.S. Treasury (1)                                       728,182     -  12,429     -  50,720       728,203 
       Bills (2)                                            215,360     -  12,481     -  61,659       215,360 
       Notes and bonds, nominal (2)                         470,984             0     +   3,120       470,984 
       Notes and bonds, inflation-indexed (2)                36,911             0     +   6,806        36,911 
       Inflation compensation (3)                             4,928     +      52     +   1,013         4,948 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    33,036     -   6,714     +   6,465        30,500 
 Term auction credit                                         40,000             0     +  40,000        40,000 
 Other loans                                                  1,517     -   4,270     +   1,478         1,015 
    Primary credit                                            1,512     -   4,258     +   1,490         1,010 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                               5     -      11     -      11             5 
 Float                                                        -724    +     293    -     462         -738 
 Other Federal Reserve assets                                67,202     +     589     +  27,824        67,190 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,835     +      14     +     617        38,835 
                                                              
Total factors supplying reserve funds                       921,288     -  22,518     +  25,201       918,247 
                                                                          
Currency in circulation(5)                                  822,728     -   6,487     +  10,279       819,171 
Reverse repurchase agreements (6)                            39,055     -   2,818     +   9,396        37,773 
   Foreign official and international accounts               39,055     -   2,818     +   9,396        37,773 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          264     +       5     +       3           270 
Deposits with F.R.Banks, other than reserve balances         12,142     -   3,964     +      74        12,320 
  U.S. Treasury, general account                              5,146     -   3,547     +     349         5,363 
  Foreign official                                              102     +       5     +      12            98 
  Service-related                                             6,651     +      36     -     285         6,651 
     Required clearing balances                               6,651     +      36     -     266         6,651 
     Adjustments to compensate for float                          0             0     -      19             0 
  Other                                                         243     -     458     -       2           209 
Other liabilities and capital                                42,878     -     331     +   6,412        42,477 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  917,067     -  13,596     +  26,164       912,011 
                                                              
Reserve balances with Federal Reserve Banks                   4,221     -   8,921     -     963         6,236 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         2,057,249     -   3,638     + 286,987     2,058,359 
     U.S. Treasury                                        1,231,838     +     997     +  63,988     1,233,183 
     Federal agency                                         825,411     -   4,635     + 222,999       825,176 
  Securities lent to dealers                                  9,686     -   6,818     +   6,579         4,976 
Note: Components may not sum to totals because of rounding.
 

 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Estimated.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.
 

 

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
 

 

2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change Since
Wednesday
Jan 9, 2008
Wednesday
Jan 2, 2008
Wednesday
Jan 10, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,202         +      33         +     337 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   799,718         -  42,582         -     701 
   Securities held outright                                     728,203         -  12,424         -  50,695 
      U.S. Treasury (1)                                         728,203         -  12,424         -  50,695 
         Bills (2)                                              215,360         -  12,481         -  61,659 
         Notes and bonds, nominal (2)                           470,984                 0         +   3,120 
         Notes and bonds, inflation-indexed (2)                  36,911                 0         +   6,806 
         Inflation compensation (3)                               4,948         +      56         +   1,037 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     30,500         -  26,250         +   9,000 
   Term auction credit                                           40,000                 0         +  40,000 
   Other loans                                                    1,015         -   3,908         +     994 
Items in process of collection                      (569)         2,647         +     497         -   2,157 
Bank premises                                                     2,132         -       2         +     188 
Other assets (5)                                                 65,064         +     353         +  27,645 
      Total assets                                  (569)       883,999         -  41,702         +  25,310 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  781,803         -   9,881         +   8,857 
Reverse repurchase agreements (6)                                37,773         -   3,136         +   8,852 
Deposits                                              (0)        18,561         -  28,883         +   3,135 
  Depository institutions                                        12,892         -  26,877         +   2,785 
  U.S. Treasury, general account                                  5,363         -   1,914         +     364 
  Foreign official                                                   98                 0         +       7 
  Other                                               (0)           209         -      93         -      21 
Deferred availability cash items                    (569)         3,384         +     187         -   1,666 
Other liabilities and accrued dividends (7)                       5,054         -     195         -     464 
      Total liabilities                             (569)       846,576         -  41,908         +  18,715 
                                                          
Capital Accounts                                          
Capital paid in                                                  18,459         +      13         +   3,128 
Surplus                                                          18,356         +      54         +   3,325 
Other capital accounts                                              607         +     137         +     141 
      Total capital                                              37,422         +     205         +   6,594 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securites.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of
foreign exchange commitments.
 

 

 

3. Maturity Distribution of Term Auction Credit, Other Loans and Securities, January 9, 2008
Millions of dollars
  U.S. Treasury
securities (1)
 

Remaining maturity
Term auction
credit
Other
loans

Holdings
Weekly
changes

Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Within 15 days           20,000         1,010        39,729     -     133        30,500        37,773  
16 days to 90 days       20,000             5       137,196     -   6,521             0             0  
91 days to 1 year      ------               0       144,703     -   5,823      ------       ------     
Over 1 to 5 years      ------        ------         235,773     +      22      ------       ------     
Over 5 to 10 years     ------        ------          81,960     +      10      ------       ------     
Over 10 years          ------        ------          88,843     +      22      ------       ------     
          
All                      40,000         1,015       728,203     -  12,424        30,500        37,773  
 
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

1 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face
value of such securities.
2 Cash value of agreements.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on January 9, 2008
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,037         449       4,053         455         428         869       1,117         903         326         203         335         613       1,286 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,202          35          53          88         114         142         157         139          50          48          74         134         166 
Securities, repurchase agreements, term                            
      auction credit, and other loans        799,718      34,966     309,181      33,565      31,061      66,511      70,395      64,718      25,299      15,138      24,565      34,735      89,586 
   Securities held outright                  728,203      33,560     263,680      32,216      29,800      63,093      67,539      61,079      23,274      14,529      23,573      31,995      83,864 
      U.S. Treasury (1)                      728,203      33,560     263,680      32,216      29,800      63,093      67,539      61,079      23,274      14,529      23,573      31,995      83,864 
         Bills (2)                           215,360       9,925      77,981       9,528       8,813      18,659      19,974      18,064       6,883       4,297       6,971       9,462      24,802 
         Notes and bonds(3)                  512,843      23,635     185,699      22,688      20,987      44,434      47,565      43,016      16,391      10,232      16,601      22,533      59,062 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                30,500       1,406      11,044       1,349       1,248       2,643       2,829       2,558         975         609         987       1,340       3,513 
      Term auction credit                     40,000           0      33,957           0          12         775          25       1,080       1,050          0           0       1,400       1,701  
      Other loans                              1,015           1         500           0           0           0           2           0           0           0           5           0         508 
Items in process of collection                 3,216         118         325         277         485         152         259         329         163         152         297         185         473 
Bank premises                                  2,132         120         215          64         153         182         230         205         112         113         269         256         214 
Other assets(5)                               65,064       1,971      18,488       6,382       4,086      14,254       5,496       3,987       1,060       1,193       1,087       1,379       5,680 
Interdistrict settlement account                   0     -   158     -18,827     -   263     +   875     + 1,694     + 2,039     + 8,620     + 4,109     + 1,677     + 5,837     - 2,505     - 3,098 
          Total Assets                       884,568      37,616     314,362      40,652      37,305      83,950      79,858      79,112      31,190      18,554      32,530      34,895      94,542 
 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face
value of such securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
 

 

 

 

4. Statement of Condition of Each Federal Reserve Bank on January 9, 2008
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding           1,007,943      39,372     354,059      42,108      39,609      81,278     108,091      87,015      33,268      19,381      33,647      57,310     112,805 
  Less: notes held by F.R. Banks              226,140       6,351      73,757       8,083       8,040      14,543      36,464      14,503       4,215       2,993       3,619      25,921      27,653 
    Federal Reserve notes, net                781,803      33,021     280,303      34,026      31,569      66,735      71,626      72,513      29,053      16,388      30,027      31,390      85,152 
Reverse repurchase agreements (1)              37,773       1,741      13,677       1,671       1,546       3,273       3,503       3,168       1,207         754       1,223       1,660       4,350 
Deposits                                       18,561         432       8,904         438         862       3,090         972       1,038         278         245         444         642       1,217 
  Depository institutions                      12,892         431       3,315         433         858       3,042         968       1,035         267         244         442         642       1,214 
  U.S. Treasury, general account                5,363           0       5,363           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 98           1          67           5           3          11           3           2           0           1           0           1           3 
  Other                                           209           0         159           0           1          37           0           0          11           0           1           0           0 
Deferred availability cash items                3,953         181          83         655         548         311         379         311          85         318         258         217         608 
Other liabilities and accrued                                                 
  dividends (2)                                 5,054         211       1,881         210         223         509         468         396         186         129         170         233         439 
                                                                    
    Total liabilities                         847,145      35,586     304,849      37,000      34,748      73,919      76,948      77,426      30,809      17,833      32,121      34,142      91,766 
                                                                    
Capital                                                             
Capital paid in                                18,459       1,049       4,619       1,814       1,291       4,996       1,431         816         180         355         194         364       1,350 
Surplus                                        18,356         981       4,619       1,813       1,266       4,996       1,421         818         180         355         194         363       1,350 
Other capital                                     607           0         276          25           0          39          58          52          21          12          21          26          76 
     Total liabilities and capital            884,568      37,616     314,362      40,652      37,305      83,950      79,858      79,112      31,190      18,554      32,530      34,895      94,542 
Note: Components may not sum to totals because of rounding.
 

1 Cash value of agreements, which are collateralized by U.S. Treasury securities.
2 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.
 

 

5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 9, 2008
Federal Reserve notes outstanding        1,007,943  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   226,140  
      Federal Reserve notes to be         
         collateralized                    781,803  
Collateral held against Federal Reserve             
   notes                                   781,803  
   Gold certificate account                 11,037  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           720,876  
   Other assets pledged                     47,691  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      758,703  
   Less:face value of securities under    
         reverse repurchase agreements      37,827  
      U.S. Treasury and agency securities  
             eligible to be pledged        720,876  
Note: Components may not sum to totals because of rounding.
 

1 Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face
value of inflation-indexed securities, and cash value of repurchase agreements.

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